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French retailing giant Carrefour has posted a half-year loss of 249m and warned full-year profits would be 15% down on last year. Operating profits in its domestic market slumped 40% to 302m in the first six months of the year, with sales slipping 0.2%.
Former Tesco director James McCann has left Carrefour after less than 18 months with the French retail giant. McCann, the former head of Tesco s business in Hungary, was poached by Carrefour in January 2010 to run its French business.
Carrefour has agreed a tie-up with Alliance Boots in a move that mirrors the high street chemist s UK arrangement with Waitrose. As well as putting Boots beauty products on Carrefour s shelves, the duo will explore healthcare partnership possibilities in emerging markets.
With their wealth of farming knowledge and expertise on nose to tail butchery and native breeds, it quickly becomes clear
You won’t miss it when you give it; but patients could miss it if you don’t.
The global grocery sector has few rivals when it comes to sheer size, growth rate and appetite. Here are the players leaving the rest of the competition behind
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